Tumi Resources Ltd – ‘20FR12G’ on 4/17/03 – EX-10

On:  Thursday, 4/17/03, at 3:40pm ET   ·   Accession #:  949353-3-225   ·   File #:  0-50244

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Registration of Securities of a Foreign Private Issuer   —   Form 20-F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20FR12G     Form 20-F Registration Statement                      81    420K 
 5: EX-3.(I)    Articles                                              26    114K 
 2: EX-3.(I)    Certificate of Change of Name                          2      6K 
 3: EX-3.(I)    Special Resoultion and Altered Memorandum              3      9K 
 4: EX-3.(II)   Memorandum                                             2      7K 
 6: EX-10       Documents Relating to Cinco Minas Property            17     68K 
 7: EX-10       Documents Relating to Gran Cabrera Properties          4     17K 
 9: EX-10       Heads of Agreement Relating to the Tinka Property      4     14K 
 8: EX-10       Letter of Intent Relating to the Tinka Property        2      9K 
10: EX-21       List of Subsidiaries                                   2      6K 

EX-10   —   Letter of Intent Relating to the Tinka Property

EX-10
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 Exhibit 4.3

 LETTER OF INTENT TO THE OPTION TO ACQUIRE A

 100% INTEREST IN THE TINKA PROPERTY

-136- 

EX-10
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 PLANEX VENTURES LIMITED 1305/1090
West Georgia St.
Vancouver B.C. V6E-3V7
Ph 604-685-9316 fax 604-683-1585

May 31, 2002                                                                    

Mr. Robert O. Plenge                                                            
Av. Manuel Villaran 210                                                         
Miraflores, Lima 18, Peru                                                       

LETTER 0F INTENT
Montdor Molle, Montdor Molle 2 (1800 hectares)

Dear Robert,                                                                    

1.   Tumi Resources S.A. (a wholly owned  subsidiary of Planex Ventures  Limited
     of  Vancouver)  will be granted an option to acquire  100%  interest in the
     contiguous  Montdor  Molle and Montdor  Molle 2 claims under the  following
terms and conditions:                                                 

On receipt of approval from the TSX Venture Exchange,                 
250,000 fully paid shares of Planex Ventures Limited,                 
    At year 1 Anniversary 250,000 fully paid shares of Planex Ventures Limited
    At year 2 Anniversary 250,000 fully paid shares of Planex Ventures Limited

2.   Tumi Resources S.A. will commit to a drill program in the first year of the
option agreement                                                      

3.   Tumi  Resources  S.A.  will  have the  right to  withdraw  from the  option
     agreement  anytime after the issuance of the first  250,000  shares with no
further commitment                                                    

4.   Tumi Resources S.A. will pay US$ 7,500.00 on June 25, 2002 for license fees
     plus any other amounts payable by said date and any fees thereafter  whilst
the option agreement continues.                                       

5.   Robert 0. Plenge or any assignee  will retain a 1% NSR over  production  on
     the claim areas  which will be  purchasable  at any time by Tumi  Resources
S.A. for US$ 750,000.00                                               

6.   Tumi Resources S.A will supply an annual progress report on its exploration
activities and submit all required data to the government.            

7.   Should Tumi  Resources  S.A.  withdraw  from the option  agreement  it will
     return the claims to Robert O.  Plenge with all claim fees paid on the year
of withdrawal.                                                        

Tumi Resources S.A                              Terms and Conditions Accepted by

/s/ David Henstridge                            /s/ Robert O. Plenge            
--------------------------------                --------------------------------
David Henstridge, President                     Robert O. Plenge                

-137- 

Dates Referenced Herein

				Referenced-On Page
This ‘20FR12G’ Filing		Date		First		Last			Other Filings
Filed on:		4/17/03							None on these Dates
		6/25/02		2
		5/31/02		2
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